PNC Financial Services Group Inc. raised its position in Relx Plc (NYSE:RELX) by 44.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,033 shares of the technology company’s stock after buying an additional 2,150 shares during the period. PNC Financial Services Group Inc.’s holdings in Relx Plc were worth $139,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of RELX. Quantum Capital Management purchased a new stake in Relx Plc during the first quarter valued at about $236,000. Two Sigma Investments LP raised its stake in Relx Plc by 87.5% in the fourth quarter. Two Sigma Investments LP now owns 49,359 shares of the technology company’s stock valued at $887,000 after buying an additional 23,039 shares during the period. Oxford Asset Management raised its stake in Relx Plc by 56.2% in the first quarter. Oxford Asset Management now owns 94,671 shares of the technology company’s stock valued at $1,874,000 after buying an additional 34,044 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Relx Plc by 647.5% in the first quarter. JPMorgan Chase & Co. now owns 11,466 shares of the technology company’s stock worth $227,000 after buying an additional 9,932 shares during the last quarter. Finally, Jarislowsky Fraser Ltd raised its stake in shares of Relx Plc by 3.7% in the first quarter. Jarislowsky Fraser Ltd now owns 596,279 shares of the technology company’s stock worth $11,806,000 after buying an additional 21,166 shares during the last quarter. 2.20% of the stock is owned by institutional investors and hedge funds.
Relx Plc (NYSE:RELX) traded down 1.00% during mid-day trading on Friday, reaching $21.78. 178,475 shares of the company’s stock traded hands. Relx Plc has a 52 week low of $16.19 and a 52 week high of $22.36. The stock’s 50 day moving average is $21.79 and its 200-day moving average is $20.61. The stock has a market capitalization of $43.89 billion, a PE ratio of 26.59 and a beta of 0.79.
The firm also recently declared a None dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Friday, August 4th will be paid a $0.153 dividend. This is a boost from Relx Plc’s previous None dividend of $0.14. The ex-dividend date is Wednesday, August 2nd.
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A number of equities research analysts recently weighed in on RELX shares. ABN Amro upgraded shares of Relx Plc from a “hold” rating to a “buy” rating in a report on Wednesday, June 14th. BidaskClub lowered shares of Relx Plc from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Zacks Investment Research upgraded shares of Relx Plc from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Tuesday, June 27th. Finally, UBS AG lowered shares of Relx Plc from a “buy” rating to a “neutral” rating in a report on Monday, May 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $25.00.
About Relx Plc
RELX PLC is a holding company, which holds interests in RELX Group plc. RELX Group is a global provider of information and analytics for professional and business customers across industries. The Company operates in four segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal, and Exhibitions.
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